There is considerable optimism in the Indonesian real estate market. Unlike what is happening around the region, Indonesia’s real estate market is robust with experts in the industry expecting a boom in years to come.
In addition, the legal environment has improved tremendously, enabling longer and more attractive tenures to foreigners. The availability of finance from international banks is another reason which boosts the real estate market here.
Here are some of the premier locations in the country where one can invest in a holiday home:
Bali: More and more expatriates are expressing interest in acquiring a piece of paradise, and Bali is inevitably chosen as their new home and work base in Asia. Others look to retire in the island. Bali is diverse enough to offer something for everyone: beaches, rainforests, excellent tourist infrastructure with world-class resorts, acclaimed golf courses, an international airport and above all, the culture of its people.
Bali’s real estate market is equally fascinating, from multi-million dollar mansions at Bali’s southern cliff, to 5-star gated communities in trendy Seminyak, to branded apartments and villas on the beach in Legian and Nusa Dua. There are also splendid oceanfront villas in Canggu, affordable beachfront land in North Bali and much more.
Lombok: Sometimes called the sister island of Bali, Lombok offers beautiful white sand beaches and an infrastructure to match the island’s tourism and related services sector. In fact the Indonesian government is actively promoting Lombok as Indonesia’s number two tourism destination after Bali. The island has seen the development of several boutique resorts and high-end residential projects providing quality amenities. Its proximity to relatively unspoiled countryside makes Lombok an investor’s paradise today in Indonesia.
Gili Trawangan: This is an upcoming destination in Indonesia and is the largest of Lombok’s Gili Islands. Land prices throughout Gili Trawangan have been appreciating rapidly. The development trend is set to continue in 2012, with the newly opened international airport and foreign direct investment spurring growth in the area. Gili Trawangan now positions itself as a great holiday destination suitable for families. New residential projects offering luxury villas and bungalows have sprung up to cater to investors who want to enjoy their beach holidays to the fullest.
Nusa Lembongan: This small island between Bali and Nusa Penida has recently entered the list of perfect property investment destinations of Indonesia. With its unspoilt beaches offering a quiet, peaceful, and restful vacation, this tropical island has seen a flurry of real estate activity recently. Located approximately twelve miles off the mainland it is fast becoming one of Indonesia’s most popular holiday destination and retirement abodes. Although properties in Nusa Lembongan are at par with those of mainland Bali, the prices here are comparatively on the lower side, making it attractive for those wanting to buy their dream holiday home.
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